Warren Buffett: Bitcoin is just another speculation

bitcoin, Warren Buffett, crypto

Buffett is known as a businessman and philanthropist. But he’s probably best known for being one of the world’s most successful investors.

This is why it’s not surprising that Warren Buffett’s investment strategy has reached mythical proportions.

Buffett follows several important rules and an investment philosophy that is widely followed around the globe.

In this video, he talks about how he thinks about Bitcoin and cryptocurrency. He explains why Bitcoin is pure speculation and not an investment.

Buffett has been asked about Bitcoin many times, and he has never changed his opinion.

According to CNBC’s latest reports, Bitcoin and other cryptos fell sharply on Thursday. Bitcoin was down more than 8% from Wednesday and is below $43,000 now.

Ethereum decreased more than 12%, and Solana dropped 13%.

In addition, crypto scammers took a record 14 billion in 2021. Losses from crypto-related crime rose nearly 80% from 2020.

Source: Finance Jane